Radware Ltd. ownership update:Legal & General Group Plc and affiliated entities report beneficial ownership of 2,295,912 ordinary shares, representing 5.4% of the class. The filing lists related managers and funds that hold similar shared voting and dispositive power totals.
The statement identifies six group members, including Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, and Legal & General UCITS ETF Plc, with their principal business addresses and regulatory statuses noted.
Positive
None.
Negative
None.
Insights
Schedule 13G shows a passive group stake of 5.4% held collectively by Legal & General entities.
The filing reports 2,295,912 shares beneficially owned by Legal & General Group Plc with shared voting and dispositive power, and lists the group members and business addresses. It characterizes managers and funds and cites regulatory authorizations.
Cash‑flow treatment is not stated; timing and intent beyond passive reporting are not described. Subsequent filings would disclose any change in ownership or voting intent.
Key Figures
Beneficial ownership:2,295,912 sharesPercent of class:5.4%LGIM Ltd holdings:2,294,832 shares+2 more
5 metrics
Beneficial ownership2,295,912 sharesAmount beneficially owned by Legal & General Group Plc
Percent of class5.4%Percent of ordinary shares beneficially owned
LGIM Ltd holdings2,294,832 sharesAmount shown for Legal & General Investment Management Ltd
LGIM Managers (Europe)2,267,775 sharesAmount shown for LGIM Managers (Europe) Limited
Legal & General UCITS ETF2,256,887 sharesAmount shown for Legal & General UCITS ETF Plc
Key Terms
Schedule 13G, beneficial ownership, shared dispositive power, shared voting power
4 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Radware Ltd."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficial ownershipfinancial
"Item 4. (a) Amount beneficially owned: 2295912"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared dispositive powerfinancial
"Item 4. (iv) Shared power to dispose: 2295912"
shared voting powerregulatory
"Item 4. (ii) Shared power to vote: 2295912"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Radware Ltd.
(Name of Issuer)
Ordinary Shares, NIS 0.05 par value per share
(Title of Class of Securities)
M81873107
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Legal & General Group Plc
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,295,912.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,295,912.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,295,912.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Legal & General Investment Management Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,294,832.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,294,832.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,294,832.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
LGIM Managers (Europe) Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
IRELAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,267,775.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,267,775.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,267,775.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.4 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Legal & General UCITS ETF Plc
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
IRELAND
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,256,887.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,256,887.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,256,887.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
Legal & General Investment Management America Inc
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ILLINOIS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,080.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,080.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,080.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
IA, CO, OO
Comment for Type of Reporting Person: CFTC registered Commodity Trading Advisor and Commodity Pool Operator, OSC and AMF registered portfolio in Canada
SCHEDULE 13G
CUSIP Number(s):
M81873107
1
Names of Reporting Persons
LGIM Singapore PTE Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SINGAPORE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
10,888.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
10,888.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Radware Ltd.
(b)
Address of issuer's principal executive offices:
22 RAOUL WALLENBERG STREET, TEL AVIV, L3, 69710
Item 2.
(a)
Name of person filing:
Legal & General Group Plc
(b)
Address or principal business office or, if none, residence:
ONE COLEMAN STREET, LONDON, EC2R 5AA
(c)
Citizenship:
United Kingdom
(d)
Title of class of securities:
Ordinary Shares, NIS 0.05 par value per share
(e)
CUSIP Number(s):
M81873107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
2295912
(b)
Percent of class:
5.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
2295912
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
2295912
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
8 (a).LEGAL & GENERAL INVESTMENT MANAGEMENT LIMITED IS A DISCRETIONARY
INVESTMENT MANAGER AUTHORISED AND REGULATED BY THE UK FINANCIAL
CONDUCT AUTHORITY.
LEGAL & GENERAL UCITS ETF PLC IS ORGANISED AS AN
OPEN-ENDED INVESTMENT COMPANY WITH VARIABLE CAPITAL. THE COMPANY
IS STRUCTURED AS AN UMBRELLA FUND AND IS COMPRISED OF SEPARATE
SUB-FUNDS. THE COMPANY HAS SEGREGATED LIABILITY BETWEEN ITS FUNDS
AND IS ORGANISED UNDER THE LAWS OF IRELAND AS A PUBLIC LIMITED
COMPANY PURSUANT TO THE COMPANIES ACT (2014)
(AS AMENDED)(THE """"""""COMPANIES ACT""""""""). THE COMPANY HAS ENTERED INTO
A MANAGEMENT AGREEMENT WITH LGIM MANAGERS (EUROPE) LIMITED UNDER
WHICH THE MANAGER IS RESPONSIBLE FOR THE MANAGEMENT OF THE COMPANYS
AFFAIRS. LGIM MANAGERS (EUROPE) LIMITED IS A LIMITED LIABILITY
COMPANY INCORPORATED IN IRELAND AND AUTHORISED BY THE CENTRAL BANK
OF IRELAND AS A SUPER MANCO. THE MANAGER HAS APPOINTED LEGAL &
GENERAL INVESTMENT MANAGEMENT LIMITED AS INVESTMENT MANAGER FOR
EACH OF THE FUNDS. THE INVESTMENT MANAGER IS AUTHORISED AND
REGULATED BY THE UK FINANCIAL CONDUCT AUTHORITY. LEGAL & GENERAL
INVESTMENT MANAGEMENT AMERICA INC. IS AN INVESTMENT MANAGER REGULATED BY
THE SECURITIES AND EXCHANGE COMMISSION. LEGAL & GENERAL GROUP PLC
IS AN INSURANCE COMPANY AND MULTINATIONAL FINANCIAL SERVICES GROUP COMPANY.
LGIM SINGAPORE PTE. LTD. IS A DISCRETIONARY INVESTMENT MANAGER AUTHORISED
BY THE MONETARY AUTHORITY OF SINGAPORE (MAS).
Name of Persons Filing:
THIS STATEMENT IS FILED BY:
(i) Legal & General Group Plc
(ii) Legal & General Investment Management Ltd
(iii) LGIM Managers (Europe) Limited
(iv) Legal & General UCITS ETF Plc
(v) Legal & General Investment Management America Inc
(vi) LGIM Singapore PTE. Ltd
8 (b). Address of Principal Business Office or, if none, Residence:
THE ADDRESS OF PRINCIPAL BUSINESS OFFICE IS:
(i) ONE COLEMAN STREET, LONDON, EC2R 5AA
(ii) ONE COLEMAN STREET, LONDON, EC2R 5AA
(iii) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND
(iv) 70 SIR JOHN ROGERSONS QUAY, DUBLIN 2, IRELAND
(v) 71 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
(vi) LEVEL 7, 15-17, CAPITAL SQUARE, 23 CHURCH STREET, SINGAPORE, U0, 049481
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to the financial institutions in the group is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Legal & General Group Plc
Signature:
Lailah Sahzayasin
Name/Title:
Head of Advisory Asset Class Oversight
Date:
01/05/2026
Legal & General Investment Management Ltd
Signature:
Lailah Sahzayasin
Name/Title:
Head of Advisory Asset Class Oversight
Date:
01/05/2026
LGIM Managers (Europe) Limited
Signature:
Lailah Sahzayasin
Name/Title:
Head of Advisory Asset Class Oversight
Date:
01/05/2026
Legal & General UCITS ETF Plc
Signature:
Lailah Sahzayasin
Name/Title:
Head of Advisory Asset Class Oversight
Date:
01/05/2026
Legal & General Investment Management America Inc
Signature:
Lailah Sahzayasin
Name/Title:
Head of Advisory Asset Class Oversight
Date:
01/05/2026
LGIM Singapore PTE Ltd
Signature:
Lailah Sahzayasin
Name/Title:
Head of Advisory Asset Class Oversight
Date:
01/05/2026
Comments accompanying signature: After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does Legal & General report in Radware (RDWR)?
Legal & General reports beneficial ownership of 2,295,912 ordinary shares, equal to 5.4% of the class. The filing attributes shared voting and dispositive power for that full amount to the group.
Which Legal & General entities are listed on the Schedule 13G for RDWR?
The filing lists six related filers: Legal & General Group Plc, Legal & General Investment Management Ltd, LGIM Managers (Europe) Limited, Legal & General UCITS ETF Plc, Legal & General Investment Management America Inc, and LGIM Singapore PTE Ltd.
Does the Schedule 13G indicate Legal & General has sole voting power in RDWR?
No. The statement shows 0 sole voting power and reports shared voting power of 2,295,912 shares, indicating the group exercises voting power jointly rather than solely.
Are the holdings reported by Legal & General passive or active under the filing?
The form filed is a Schedule 13G, typically used for passive investors; the filing content lists ownership and group members but does not state active control or intent to influence management.
Where are the principal business offices of the filers located?
Addresses listed include One Coleman Street, London for UK entities, 70 Sir John Rogersons Quay, Dublin for Irish managers, 71 South Wacker Drive, Chicago, and a Singapore address for LGIM Singapore PTE Ltd.
